Capstock Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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The minimum deposit with Capstock is up to $500 and can only be made via bank transfer. This is too unfriendly for newbies. However, this broker also offers a demo account, so novices can open a demo account first to test their trading platform and trading condition.
Summary: Capstock has established itself as a prominent full-service broker in India since its inception in 1989. While it offers competitive brokerage charges and a range of trading services, user reviews reflect a mixed experience with customer support and trading platforms. Notably, the brokerage provides access to various asset classes, including forex and commodities, but lacks strong regulatory oversight.
Note: It's important to recognize that Capstock operates under different entities across regions, which can affect the overall user experience. The following review aims to provide a balanced perspective based on available data and expert insights.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 5 |
| User Experience | 6 |
How We Rate Brokers: The scores are based on user feedback, expert opinions, and our analysis of the services offered.
Founded in 1989 by Rajendran V., Capstock is based in Trivandrum, Kerala. As a full-service broker, it provides investors with extensive trading options and advisory services. The broker supports multiple trading platforms, including popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Capstock enables trading across various asset classes, including equities, commodities, currencies, and forex. However, it operates without robust regulatory oversight, which can be a concern for potential investors.
Capstock operates primarily in India and is a member of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). However, it lacks regulation from top-tier authorities, which may raise concerns regarding investor protection.
Capstock primarily deals with Indian Rupees (INR) for deposits and withdrawals. There is no mention of cryptocurrency trading options on their platform.
The minimum deposit required to open an account with Capstock is INR 5,000, which is relatively standard among full-service brokers in India.
Capstock does not currently offer any specific bonuses or promotional offers, which can be a drawback compared to competitors that provide incentives for new clients.
Capstock allows trading in a variety of asset classes, including:
This diverse offering can appeal to traders looking to diversify their portfolios.
Capstock's brokerage charges are competitive:
These rates are generally favorable compared to traditional brokers, though they may be higher than those offered by discount brokers.
Capstock provides leverage up to 5x for equity options and 4x for currency futures, which can enhance trading potential but also increases risk.
Capstock supports various trading platforms, including:
These platforms are designed to cater to different trading styles and preferences.
While primarily serving Indian clients, there is no specific mention of restricted regions, but potential users from outside India should verify local regulations.
Customer support is primarily available in English and Hindi, which may limit accessibility for non-native speakers.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 5 |
| User Experience | 6 |
Account Conditions (7/10): Capstock offers a straightforward account setup with a low minimum deposit. However, the lack of diverse account types may limit some traders.
Tools and Resources (6/10): The broker provides essential trading tools, yet advanced features such as algorithmic trading options are absent.
Customer Service and Support (5/10): User feedback indicates that customer support can be slow and unresponsive at times, which is a significant area for improvement.
Trading Setup (Experience) (6/10): The trading platforms are functional, but some users report a steep learning curve, especially for beginners.
Trustworthiness (5/10): The absence of robust regulatory backing raises concerns about the safety of funds and overall trust in the broker.
User Experience (6/10): Overall user experiences are mixed, with some praising the competitive fees while others express dissatisfaction with customer service.
In conclusion, Capstock presents a viable option for traders seeking a full-service broker with a variety of asset classes. However, potential clients should weigh the pros and cons, particularly regarding customer support and regulatory oversight, before making a decision.
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